BISMARCK-MANDAN CHAMBER EDC (EIN 450116753) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

BRENDA NAGEL

Phone

7012235660

Tax Period

2023-01-01 to 2023-12-31

BISMARCK-MANDAN CHAMBER EDC, founded in 1991, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 14% surplus.

Mission

ADVOCATING FOR BUSINESS. FOSTERING ECONOMIC GROWTH. SHAPING THE FUTURE OF OUR COMMUNITY. WE WILL SERVE AS AN ADVOCATE FOR BUSINESS. POSITION BISMARCK-MANDAN AS A DESTINATION FOR BUSINESS & TALENT. RECRUIT & RETAIN CHAMBER EDC MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $498,750

Program Service Revenue $1,591,293

Investment Income $72,582

Other Revenue $58,377

TOTAL REVENUE $2,221,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $905,260

Fundraising Expenses $0

Other Expenses $999,799

TOTAL EXPENSES $1,905,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,221,002	$2,002,247	+0.1%
Expenses	$1,905,059	$2,048,026	-0.1%
Net Income	$315,943	$-45,779	-7.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

250

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$191,305

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA NAGEL	PRESIDENT &	40.00	Officer	$63,846	$11,925	$75,771
BRIAN RITTER	PAST PRESIDE	40.00	Officer	$95,998	$19,536	$115,534
WENDY VAN DUYNE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MATT SAGASER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEE PIERCE	SECRETARY	1.00	Director	$0	$0	$0
KEVIN STREGE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAVE EHLIS	TREASURER	1.00	Officer Director	$0	$0	$0
EVAN ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA BIRST	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN BOEHM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE CAMISA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN EASTGATE	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED FRIDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE MUNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY OSWALD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARNIE PIEHL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE REMBOLDT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE ROGSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SCHMITZ	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,221,002	$1,905,059	$3,102,067	$315,943
2022	$2,002,247	$2,048,026	$2,565,866	$-45,779
2021	$1,850,016	$1,724,246	$2,711,464	$125,770
2020	$1,779,532	$1,715,785	$2,540,810	$63,747
2018	$1,108,191	$1,164,602	$2,500,048	$-56,411

BISMARCK-MANDAN CHAMBER EDC